a Illustration..7 Given below Balance Sheets of M Ltd. and N Ltd. as on 31st March, 2009. Balance Sheets M Ltd. Rs. 1,00,000 50,000 20,000 (in 000's) NLtd. Rs. 1,20,000 40,000 30,000 Share Capital General Reserve Export Profit Reserve (Statutory Reserve as per Income Tax Law) 14% Debentures Sundry Creditors Provisions Proposed Dividend 50,000 20,000 20,000 25,000 2,85,000 50,000 10,000 20,000 30,000 3,00,000 Rs. Assets M Ltd. N Ltd. Rs. Fixed Assets 1,65,000 1,80,000 Investments 50,000 Stock 50,000 50,000 Debtors 15,000 65,000 Cash and Bank Balances 5,000 5,000 2,85,000 3,00,000 Shares of M Ltd. and N Ltd. are Rs. 100/- each. M Ltd. held 15% shares of N Ltd. Z Ltd. has been formed for the purpose of amalgamation which took over M Ltd. and N Ltd. and in exchange, shares of Z Ltd. were issued. Expenses for amalgamation were Rs. 100 thousand. You are required to prepare post amal- gamation balance sheet of 2 Ltd. Show also the purchase consideration and exchange ratio. Calculate the number of shares to be issued to the shareholders of the amalgamated company without increasing the issued capital